EjoHeza contributions hit Rwf90 billion as long-term savings gain momentum

By The Inspirer.

The Rwanda Social Security Board (RSSB) has announced that contributions from members to the voluntary long-term savings scheme, known as EjoHeza, have reached Rwf62 billion. When combined with government co-contributions and accrued interest, the total value now stands at approximately Rwf90 billion.

EjoHeza is a government-backed programme, established through the Ministry of Finance and Economic Planning, aimed at encouraging Rwandans to save for the long term. Members choose a monthly contribution amount, which is intended to provide financial security during retirement.

According to RSSB data, from the scheme’s inception in 2018 through 2025, over 4.7 million members have registered, including more than 4.2 million actively contributing on a regular basis. RSSB notes that participation continues to grow, with initiatives in place to further expand savings.

Bernard Kayumba, RSSB’s national EjoHeza advocacy officer, highlighted the growing uptake and changing mindset towards long-term savings compared to previous years.

He said: “We are proud of the progress made in raising awareness about the importance of saving for the future. While there are still some who are hesitant, participation is steadily increasing, and the trend is moving in the right direction.”

Kayumba also noted that many members have started registering their families—including spouses and children—so that the entire household benefits from long-term savings.

For example, a motorbike taxi operator in the Southern Province has already saved Rwf800,000 and included his family in the plan.

He added: “The journey so far has been very encouraging. Having a member who has saved Rwf800,000 and also enrolled their children demonstrates a significant shift in mindset. While some remain cautious, our awareness campaigns continue.”

On regional contributions, Kayumba said the Southern Province leads in participation, closely followed by the Western Province, fostering healthy competition that further drives enrolment.

He explained: “Southern Province consistently performs well but competes with the West. This friendly rivalry motivates citizens to understand and join EjoHeza.”

Planned reforms to the scheme include allowing members under 55 years old to access up to 30% of their savings for urgent needs, while 70% remains invested for long-term retirement. Additionally, the minimum savings threshold required to qualify for a pension will be reduced from Rwf4 million to Rwf2 million.

The EjoHeza programme is voluntary and flexible, allowing individuals to save as much as they can, when they can. It is designed for all Rwandans, especially those in the informal sector, as more than 92% previously had no mechanism to secure a dignified retirement. EjoHeza is governed by Law No. 29/2017 of June 29, 2017.